WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 82.33 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 80.50 which is a level that lies underneath a pullback support. Take profit is at 84.67 which is an overlap resistance. ...
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
Crude oil market analysis Crude oil is much simpler, and crude oil forms a multi-bottom form near 80.00, so we stick to the optimistic idea that a return to support is a buying opportunity! The size trend of crude oil is bullish, the weekly close is small, this week may see optimistic performance, the recent crude oil inventory data is to support the bullish...
Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 80.46 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
The specified currency must first return to the origin of the movement. To be able to reach the top The market maker must first collect the currency and exit his sell orders in the specified area in order to be able to achieve high liquidity.
Merry Christmas! Back in June of this year, I gave you a real-time lesson in Oil. I explained how OPEC cuts do not mean it's bullish for oil based on supply cuts. Why? Bc OPEC is telling you there is diminishing demand for oil that was causing the cuts. Not even two ongoing wars could cause oil to spike. Today I will give you a nice and simple Christmas...
USOIL is in strong bullish trend. As the market is consistently printing new HHs and HLs. USOil is currently trading in a strong bullish ascending channel and is now retracing after the last HH, which is also the 0.886 Fib retracement level and local support zone as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
WTI Oil (USOIL) made a solid (Higher) Low at the bottom of the Channel Up pattern and started rising as we discussed on our previous idea (April 22, see chart below): We now need to take it a time-frame lower to 4H as on Friday the market formed the first 4H Death Cross (4H MA50 crossing below the 4H MA200) in almost 7 months (since October 10 2023). This has...
So I was looking at Crude on the weekend and I couldn't determine a clear direction for Monday. Now Monday Is almost over and we Have disrespected the Mean threshold of the Daily +OB I do expect price to be bearish and heading down towards the Daily FVG. An Good indicator on the Daily we have respected the WEEKLY ifvg CE. These things are very important to...
WTI Oil has indeed finished its second leg and retracted back to a significant order block zone. This is often a signal for potential accumulation before another ascent. Based on current patterns, it's poised to climb back up towards the previous decline pivot, setting up an interesting play for those watching the oil markets.
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Crude Oil Technical Analysis Daily resistance is 85.7, support below is 83.4-80 Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5 Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down...
BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication. Since that it's gone around 1 month till now, and no one new high was printed in BTC. Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC. RSI (14) is sluggish...
✅CRUDE OIL will soon retest a key support level of 80.50$ So I think that the pair will make a rebound And go up to retest the supply level above at 81.58$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Daily Bearish Stay Bearish bias until 1hr -OB is closed above with a displacement candle @ 83.25 In this chart I am illustrating why IMO, this is a High resistance Liquidity run and not LRLR. The Price in the circle is Balanced, so for price to cut through this with ease is difficult all be it we have a signature LRLR bellow. So if a bearish setup appears don't...
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of Crude oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change /Strong Pullback...
WTI oil (XTI/USD) is falling towards the pivot. Could this commodity potentially stall around this level before reversing to bounce higher towards the 1st resistance? Pivot: 81.38 1st Support: 77.77 1st Resistance: 85.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
HELLO FRIENDS As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan...